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Fun Machines or Tax Machines?
About One-Armed Bandits
ABOUT THIS BOOK
Whether you are a beginner to playing slot machines or a longtime pro, you will discover exactly how a slot machine works. You will understand the principals of slot machine design; learn how to read a slot's paytable properly; understand slot machine terms; know how to read the player metres, and how to effectively play a slot machine.
In essence, you will be able to look at any slot machine, understand the payout system; the type of machine; make an educated decision on whether to play it; play it effectively, and not lose one red cent to any mistake that you may have made before. You will get a better enjoyment out of playing slots; you will not lose as much money, and you will have a better casino experience.
The author notes that only a few years ago the estimated revenue of all U.S. casinos was fifty one billion dollars per year and it is not inconceivable that the world take from slot machines may be well over one trillion dollars annually! Since statistically slot machines count towards approximately seventy percent of the casino's take when the casino also has table and other games, U.S. slots could be bringing in thirty five billion dollars a year alone! Even the Canadian casino industry pulls in billions of dollars per year. And all of the previous figures do not take into account bingo, lotteries, and other gambling activities.
Yes, slot machines, casinos, and other government sanctioned or controlled gambling operations bring in a mind-staggering amount of money (more than the national worth of some countries), and in most cases a percentage goes directly into government coffers. Like gasoline, tobacco, and alcohol, gambling is a definite cash cow for the government. In this context, Ian Williams examines the social implications of slot machines in our society; both the positive and negative.
Ian B. Williams is a certified electronics technician and a trained slot technician, who worked for several years in the casino industry as a Slot Machine Technician. He has extensive knowledge of the real, true technical aspects of slot machines, video slot and video poker/Blackjack machines, and slot machine communications systems.
Chapter 1 - A Short History of Slots
Chapter 2 - A Quick Slot Glossary
Chapter 3 - Parts of a Slot Machine
Chapter 4 - How a Slot Machine Works: All the Nitty-Gritty
Chapter 5 - Probability, Odds, and Percentages: Slot Machine Mathematical Theory
Chapter 6 - Types of Games
Chapter 7 - The Paytable
Chapter 8 - Read the Machine
Chapter 9 - Let's Play A Machine!
Chapter 10 - How to Play Slot Machines…and Not Lose Your Shirt
Chapter 11 - "…but the machine is broken!"
Chapter 12 - Don't Become Prey to a Flea
Chapter 13 - The Right Pocket/Left Pocket Rule
Chapter 14 - General Casino Information
Chapter 15 - A Note About Progressives
Chapter 16 - Slot Tournaments
Chapter 17 - Video Slots and Video Poker Machines
Chapter 18 - Slot Machines, Fun Machines, Tax Machines
Chapter 19 - Final Thoughts
Slot Machines: Fun Machines or Tax Machines? A Technician Reveals the Truth About One-Armed Bandits by Ian B. Williams: 134 pages; softcover; ISBN 978-1-55270-049-5; published in 2000; Canadian $24.95.
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